Platinum Indicator for MetaTrader 5 – Free Download [TradingFinder]

The Platinum Indicator in the MetaTrader 5 platform is one of the trading tools designed to generate clear and fast signals. By displaying green arrows, it indicates potential areas for upward or downward movement.

This system utilizes momentum analysis algorithms and price structure changes to provide upward and downward flashes as signals to initiate or terminate trading positions.

Platinum Indicator Table

The table below presents the general features of the Platinum Indicator.

Platinum Indicator at a Glance

The Platinum Indicator analyzes price changes using an internal algorithm and, when the appropriate conditions are met, it draws an upward green arrow for a bullish signal and a downward green arrow for a bearish signal on the chart.

This tool offers the ability to adjust risk levels within its settings, allowing users to increase or decrease signal sensitivity based on their trading strategy.

Indicator in an Uptrend

The price chart below shows the JP2000 cryptocurrency index on a 1-hour timeframe. In this indicator, the display of the upward green arrow suggests the potential beginning of an uptrend.

In such cases, a buy signal is issued, and if it aligns with confirmations from other technical analysis tools, it is considered an appropriate point to initiate buy trades.

Indicator in a Downtrend

The image below shows the EUR/JPY currency pair on a 4-hour timeframe. When the downward green arrow is displayed on the chart, the likelihood of a market reversal toward a downward movement increases; in this case, a sell signal is issued.

Platinum Indicator Settings

The image below displays the settings of the Platinum Indicator:

• RISK: Set the risk level
• ARROWS_GAP: Adjust the distance between signal arrows
• ALERT: Display alert
• EMAIL: Send an email
• NOTIFICATION: Send a notification message
• MESSAGE_TIMEOUT: Message timeout period
• MESSAGE_SUBJECT: Display the subject of the alert message

Conclusion

The Platinum Indicator in MetaTrader 5 is a useful technical analysis tool that identifies potential trend starts by drawing upward and downward arrows on the chart.

With the ability to adjust risk levels, it can be used across all timeframes and integrated into automated trading strategies.